H BOWMAN | HARGREAVES LANSDOWN
Blacks continues to inch its way out of intensive care. Same store sales have hit double digit territory, whilst the group’s restructuring plan remains ongoing. Market
consensus opinion currently denotes a strong ‘hold’.
DAVID STODDART | FINNCAP
Blacks has taken sales into positive territory and also seen a boost in gross margins. The process of reviewing the various approaches to the company continues. That underpins our ‘hold’ recommendation.